Edinburgh Property Market Information

Did you know that Edinburgh is currently planning to create and regenerate one of its most ignored part of the city. To the North of Edinburgh you will find at the edge of the city a waterfront, which for the most part has been neglected.

Waterfront Property Developments are starting to become the more popular trend for Property Developers and Property Buyers. Looking at our other Rent A Home Websites; London has had a craze for Properties in Canary Wharf and Wood Wharf and also Sheffield with it’s Property Development in CastleGate & Victoria Quays. There has been an increase in demand for these Properties and also looking at the bigger picture, they have an immense impact on the area. They are economically beneficial and they create desirable areas in which people want to live in. Urban regeneration, notably around water fronts, benefits the city from residential and commercial development. Hence, why Edinburgh – Scotland are following the trend, to aid in increasing it’s city’s already renowned reputation.

The Edinburgh Waterfront is an enormous regeneration project encompassing over 120 hectares (346 acres) of land! The idea is to exploit the water views of “Firth on Forth” and to completely regenerate the currently run down area in Edinburgh. They have code named it “The Granton Waterfront Project” and it is the regeneration of brownfield and the contaminated land at the Granton Waterfront in the North of Edinburgh. It is a fantastic development opportunity as it lies around 3 km from Edinburgh city centre, and has some of the best views in Edinburgh. To the North is the sea, while to the South is the world famous skyline of Edinburgh Castle, the ridge of the Old Town and the green of Arthur’s Seat and the Holyrood Park.

How long will it take? It is estimated to take around 15 years, but to be honest these are only projections. So most likely it will take longer than that.

What exactly is going to be built?

5,300 Residential units
638,010 sq ft of Commercial space (mainly offices)
261,452 sq ft of Retail space
248,224 sq ft for Hotels
69,691 sq ft of Leisure space
85,987 sq ft of Cultural space (currently investigating including cultural elements such as a theatre and modern art gallery)
1 or 2 new schools

So again, keep an eye out for future property developments in the North of Edinburgh! This is really the one to watch in Edinburgh, and at the Rent A Home Edinburgh team, we predict that this will have a huge impact on Edinburgh and Scotland.